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- W1507392893 abstract "Several recent papers (Thomson 1987; Zinkhan 1988; Zinkhan and Mitchell 1988; Cubbage, Harris, and Redmond 1988; Binkley and Washburn 1988a, 1988b), including one in this journal (Redmond and Cubbage 1988), use either Sharpe's (1963) single-index market model (with returns to the overall market portfolio serving as the index) or the Capital Asset Pricing Model (CAPM) (Sharpe 1964; Lintner 1965) to measure the risk and evaluate the performance of timberland investments.' The CAPM specifies an equilibrium relationship between asset i's expected rate of return (ERi), the risk-free rate of return (Rf), and the expected risk premium on the market portfolio of all assets in the economy (the expected market rate of return, ERm, minus the risk-free rate, Rf):" @default.
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- W1507392893 date "1990-11-01" @default.
- W1507392893 modified "2023-09-23" @default.
- W1507392893 title "On the Use of Period-Average Stumpage Prices to Estimate Forest Asset Pricing Models" @default.
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